U.S. Bitcoin ETFs Surge with Nearly $480 Million in Inflows, Led by BlackRock’s IBIT

U.S. spot Bitcoin exchange-traded funds (ETFs) saw a significant influx of $479.35 million in net inflows on Monday, marking the largest daily increase in two weeks.

Leading this surge was BlackRock’s IBIT, the top spot Bitcoin ETF by assets, which attracted $315.19 million, extending its inflow streak to 11 consecutive days.

Ark and 21Shares’ ARKB brought in $59.78 million, while Fidelity’s FBTC gained $44.12 million. Additionally, Bitwise’s BITB and Grayscale’s BTC saw inflows of $38.67 million and $21.59 million, respectively.

However, seven other spot Bitcoin ETFs recorded no inflows at all. Overall, the daily trading volume for these 12 ETFs rose to $3 billion, an increase from $2.9 billion on Friday.

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In contrast, spot Ethereum ETFs faced $1.14 million in net outflows on Monday, down from $19.16 million on Friday. Grayscale’s ETHE experienced the most significant outflow, with $8.44 million leaving the fund.

This was somewhat countered by inflows into Fidelity’s FETH ($5.02 million) and BlackRock’s ETHA ($2.28 million), indicating a shift in investor preference. The overall trading volume for these nine Ethereum ETFs slightly decreased to $187.49 million from $189.88 million on Friday.

Kosta Gushterov